1031 Exchange Mississippi

Mississippi Opportunity Zones

Capital Gains Rates

State Rate 5.00%

Local Rate 0.00%

Deduction None

Combined Rate 30.00%

Additional State Capital Gains Tax Information for Mississippi

The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).

Additional State Income Tax Information for Mississippi

Mississippi has 3 state income tax rates: 3%, 4% and 5%. These rates are the same for all filing statuses, as well as for businesses.

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Source: Tax Foundation State Individual Tax Rates and Brackets for 2020 as of March 2020